Understanding Definition | Law Insider (2024)

Understanding

means any contract, agreement, understanding, commitment or offer, whether oral or written, which may become a binding obligation if accepted by another Person.

Understanding

shall have the meaning set forth in Section 6.1.5.

Understanding

physics basically means being able to recall something you've read or been shown.

Examples of Understanding in a sentence

  • This Letter of Understanding will remain in place for the duration of the Collective Bargaining Agreement at which time it may be removed, reviewed, cancelled, or renegotiated based upon the success of the program.

  • This Memorandum of Understanding does not establish a past practice or precedent, nor shall it apply in the interpretation or application of language in the Association’s Master Agreement.

  • This Memorandum of Understanding expires on June 30, 2025, and it shall have no force or effect thereafter, unless so agreed in writing by the Association and the School District.

  • In order to implement this provision, the Contractor must provide a copy of its DHS Memorandum of Understanding (MOU) to the Contract Manager within five (5) calendar days of Contract execution.

  • In the event of circ*mstances beyond the control of the City, such as acts of God, fire, flood, insurrection, civil disorder, national emergency, or similar circ*mstances, provisions of the Memorandum of Understanding, which restrict the City’s ability to respond to these emergencies, shall be suspended for the duration of such emergency.


More Definitions of Understanding

Understanding

means any contract, agreement, understanding, commitment, or offer, whether written or oral, which is, or to the knowledge of the Corporation or the Partnership, as applicable, if accepted by another Person is reasonably likely to become, a binding obligation of such entity.

Understanding

or "undertaking" when used in this Agreement shall mean a legally binding, written agreement, arrangement, contract, commitment, plan, purchase order, understanding or undertaking, as the case may be;

Understanding

probably means nothing more than having what- ever ideas and concepts are needed to recognize that a great many different phenomena are part of a coherent whole.

Understanding

means more than a person’s ability to view and understand the exchanged data, but that software can understand the data’s meaning and process it in a standardised way, such as for clinical decision support.

Understanding.

It is agreed by the Parties that following the signing of this Memorandum and upon request by the Union, that the Parties will meet on a mutually agreeable date for the purpose of discussing the Industry use of the "Constructive Advice R eco rd ."

Understanding.

All vacation qualifying years earned in continuous service with CSXT regardless of former railroad will be counted as qualifying time for vacation purposes.

Understanding Definition | Law Insider (2024)

FAQs

What does understanding mean in law? ›

Understanding means any contract, agreement, understanding, commitment or offer, whether oral or written, which may become a binding obligation if accepted by another Person.

What does understand mean in Black's Law Dictionary? ›

UNDERSTAND Definition & Legal Meaning

This means to comprehend, to know, to be aware of and to have the knowledge.

What is an example of understanding? ›

Examples of understanding in a Sentence

Noun He has a thorough understanding of the subject. She has a basic understanding of the process. I hope to get a clearer understanding of the issues involved.

What is the legal understanding? ›

Legal understanding is something that happens to us and changes us. It is a type of receptivity, of vulnerability, which affects us as much as it affects the law we attempt to understand.

Why is understanding the law important? ›

Basic legal knowledge ensures you know what you're entitled to, allowing you to assert yourself when needed. This awareness can be particularly vital in situations like contracts, disputes, or interactions with law enforcement.

What is the act of understanding? ›

Understanding is a cognitive process related to an abstract or physical object, such as a person, situation, or message whereby one is able to use concepts to model that object. Understanding is a relation between the knower and an object of understanding.

What does understood mean in law? ›

UNDERSTOOD Definition & Legal Meaning

The phrase “it is understood,” when employed as a word of contract in a written agreement, has the same force as the words “it is agreed.” lliggiu- son v.

Does understanding mean to stand under? ›

It comes directly from Old English, it's composed of two simpler words, under and stand, and it's had its current meaning, to comprehend, since our earliest records of it. Still, it's something of an etymological mystery.

What is the actual knowledge in Black's Law Dictionary? ›

ACTUAL KNOWLEDGE Definition & Legal Meaning

Understanding a fact as true that would lead to further investigation.

What are three types of understanding? ›

Like knowledge, understanding comes, at least prima facia, in three varieties: propositional, interrogative and objectual.

What is the deep meaning of understanding? ›

According to Collins Dictionary, deep understanding means a complete and thorough knowledge or grasp of a subject. Deeply understanding an issue means grasping the concept's nuances and interrelationships between different elements.

What are the three levels of understanding? ›

According to Lee, the first level of understanding is subjective understanding , which consists of the common-sense and everyday meaning of reality; the second level of understanding is interpretive understanding , which consists of the researcher's systematic interpretation of the first-level meaning; and the third ...

What is a realistic understanding of the law? ›

Legal realism is also thought of as a naturalistic approach to law in that jurisprudence should emulate the methods of natural science; that is, it should rely on empirical evidence and hypotheses that have been tested against the reality of the world, rather than rely on theoretical assumptions about the law.

What is the understanding of the rule of law? ›

Rule of law is a principle under which all persons, institutions, and entities are accountable to laws that are: Publicly promulgated. Equally enforced. Independently adjudicated. And consistent with international human rights principles.

What is the memorandum of understanding in law? ›

A memorandum of understanding, or MOU, is a nonbinding agreement that states each party's intentions to take action, conduct a business transaction, or form a new partnership. This type of agreement may also be referred to as a letter of intent (LOI) or memorandum of agreement (MOA).

Does understanding mean agreement? ›

People often interpret “I understand” to mean “I agree”, but they don't mean the same thing. “I understand” means someone perceives the meaning of your opinion. “I agree” means someone also shares your opinion. It's a subtle difference, but significant for a few reasons.

What is a legal letter of understanding? ›

A memorandum of understanding (MOU) is an agreement between two or more parties outlining the terms and details of an understanding, including each party's requirements and responsibilities. It's often the first stage in the formation of a formal contract.

What does statement of understanding mean? ›

A Statement of Understanding is a legal document that defines and clarifies the business relationship between two parties. It outlines each party's responsibilities and expectations, and serves as an agreement to ensure mutual understanding.

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